Public Sector Pension Investment Board Boosts Stock Holdings in Select Medical Holdings Corporation $SEM

Public Sector Pension Investment Board raised its position in shares of Select Medical Holdings Corporation (NYSE:SEM) by 21.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 430,472 shares of the health services provider’s stock after acquiring an additional 75,530 shares during the quarter. Public Sector Pension Investment Board’s holdings in Select Medical were worth $5,527,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. 8 Knots Management LLC purchased a new position in Select Medical in the 2nd quarter valued at $26,568,000. Jane Street Group LLC acquired a new position in Select Medical during the first quarter worth about $4,635,000. CSM Advisors LLC acquired a new stake in Select Medical in the 2nd quarter valued at about $3,439,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Select Medical in the 2nd quarter worth approximately $3,330,000. Finally, Bank of America Corp DE boosted its holdings in shares of Select Medical by 10.9% during the 2nd quarter. Bank of America Corp DE now owns 1,618,662 shares of the health services provider’s stock worth $24,571,000 after purchasing an additional 158,768 shares during the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.

Select Medical Trading Down 0.2%

NYSE SEM opened at $16.34 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $2.02 billion, a P/E ratio of 19.00, a PEG ratio of 0.57 and a beta of 1.25. The firm’s 50-day moving average is $15.30 and its two-hundred day moving average is $14.03. Select Medical Holdings Corporation has a 12 month low of $11.65 and a 12 month high of $19.54.

Analyst Ratings Changes

A number of equities analysts recently commented on SEM shares. Mizuho set a $17.00 price objective on Select Medical in a research report on Monday, November 3rd. Wall Street Zen raised shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Select Medical in a research note on Wednesday, January 21st. Finally, Benchmark reiterated a “buy” rating on shares of Select Medical in a report on Monday, October 27th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Select Medical currently has a consensus rating of “Moderate Buy” and an average target price of $17.80.

About Select Medical

Select Medical is a leading provider of specialized healthcare services in the United States, operating through two primary business segments: Hospital Division and Outpatient Rehabilitation Division. The Hospital Division offers long-term acute care (LTAC) hospitals and inpatient rehabilitation facilities (IRFs) that serve patients recovering from complex illnesses, trauma or surgery. The Outpatient Rehabilitation Division delivers physical, occupational and speech therapy services through a network of clinic locations and home-based care programs.

Headquartered in Mechanicsburg, Pennsylvania, Select Medical was founded in 1996 and has grown through strategic partnerships, joint ventures and acquisitions.